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The Myrtle Building 525-535 S Myrtle Ave 278 - 4,369 SF of Retail Space Available in Monrovia, CA 91016
HIGHLIGHTS
- At busy intersection of Myrtle and Colorado.
- Prime location with high visibility.
- 40 feet of patio frontage on Myrtle Ave.
- Former bank branch.
- Located in heart of old town Monrovia.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,425-4,091 SF | 14’ | 3-5 Years | $33.50 CAD/SF/YR $2.79 CAD/SF/MO $137,057 CAD/YR $11,421 CAD/MO | Triple Net (NNN) | |
| 1st Floor | 278 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Prime retail/restaurant space located in the heart of Old Town Monrovia at the Northwest corner of Myrtle and Colorado. Formerly a bank branch. Possible to divide to 1,425 SF and 1,710 SF or lease entire 4,091 SF together. Here is the breakdown for the availability and pricing: 1,425 SF retail or restaurant space: $2.25 PSF NNN *Bonus Patio Area Included! 1,710 SF restaurant or retail space: $2.25 PSF NNN *Bonus Patio Area for Outdoor Dining Included! Entire 4,091 SF space: $2.00 PSF NNN NNN Expenses: Estimated $0.41 PSF The 1,425 SF proposed space is ideal for retail and professional service uses such as clothing stores, real estate, insurance, banking, toy store, etc. The 1,710 SF proposed space is ideal for restaurant use with a corner location. It has a patio area possible to use for outdoor seating with city approval. It has 2 restrooms, kitchen and mostly open floor plan. This building has windows along the front with great natural light, high ceilings, excellent visibility along Myrtle and patio area as bonus space. Located in Old Town across from Mikomi Sushi and a new Chinese restaurant under construction. It enjoys parking in the Colorado Commons structure directly behind the building as well as ample free street parking.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Bank
- Highly Desirable End Cap Space
- 2 Private Offices
- Finished Ceilings: 14’
- Former bank branch
- Former bank branch
- Prime location/high visibility
- 40 feet of patio frontage
- Ample street parking
1st Floor
278 square feet available to fit two ATM machines.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,369 SF | Property Subtype | Storefront Retail/Office |
| Min. Divisible | 278 SF | Gross Leasable Area | 18,167 SF |
| Property Type | Retail | Year Built/Renovated | 1950/1999 |
| Total Space Available | 4,369 SF |
| Min. Divisible | 278 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 18,167 SF |
| Year Built/Renovated | 1950/1999 |
ABOUT THE PROPERTY
Prime retail/restaurant space located in the heart of Old Town Monrovia at the Northwest corner of Myrtle and Colorado. Formerly a bank branch. Possible to divide to 1,425 SF and 1,710 SF or lease entire 4,091 SF together. The 1,425 SF proposed space is ideal for retail and professional service uses such as clothing stores, real estate, insurance, banking, toy store, etc. The 1,710 SF proposed space is ideal for restaurant use with a corner location. It has a patio area possible to use for outdoor seating with city approval. It has 2 restrooms, kitchen and mostly open floor plan. This building has windows along the front with great natural light, high ceilings, excellent visibility along Myrtle and patio area as bonus space. Here is the breakdown for the availability and pricing: 1,425 SF retail space: $2.25 PSF NNN 1,710 SF restaurant space: $2.25 PSF NNN Entire 4,091 SF space: $2.00 PSF NNN NNN Expenses: Estimated $0.41 PSF Located in Old Town across from Mikomi Sushi and a new Chinese restaurant under construction. It enjoys parking in the Colorado Commons structure directly behind the building as well as ample free street parking.
NEARBY MAJOR RETAILERS
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The Myrtle Building | 525-535 S Myrtle Ave
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